@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

.: How about this one: “Can I sell my Airbnb property for 50% over direct comps because I want to use the income-based approach valuation?”

If you are going to sell then you must understand the tax implications. 

If the signs point to selling, consult your CPA about the tax implications.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Your equity doesn’t matter in the taxes or decision.

Their income is only 3X rent, they lack credit history, and the household is much larger, which could result in more wear and tear.

Guests love this upsell for the experience provided, they are more likely to share on social media, you can use the decorations as marketing, build relationships with local vendors, and provide extra income for your team. 

At the same time I find myself participating in other forums I used to ignore, like the taxes and short term rentals forums, because those have become bigger focus areas (and pain points!)